NetEase, Tencent shares rebound after China voices support for gaming industry

Recently beaten-down China online gaming stocks rebounded on Wednesday in Hong Kong on news of a more conciliatory tone on the sector by the country’s top gaming regulator. Shares of NetEase Inc. NTES, -4.20% and Tencent Holdings Ltd. 700, +4.01% climbed 11% and 4%, respectively in Hong Kong. In U.S. trading, NetEase failed to get a lift, falling 4% and rival gamer Huya Inc. HUYA, -1.34% slipping 0.7%, even after both rose in premarket trading. Tencent is the parent of Tencent Music Entertainment Group  TME ...